), is a federal republic located in southeastern South America.Sharing the bulk of the Southern Cone with its neighbor Chile to the west, the country is also bordered by Bolivia and Paraguay to the north, Brazil to the northeast, Uruguay and the South Atlantic Ocean to the east, and the Drake Passage to the south.
The country thereafter enjoyed relative peace and stability, with massive waves of European immigration radically reshaping its cultural and demographic outlook.
The almost-unparalleled increase in prosperity led to Argentina becoming the seventh wealthiest developed nation in the world by the early 20th century.
Argentina has the second largest economy in South America, the third-largest in Latin America and is a member of the G-15 and G-20 major economies.
It is also a founding member of the United Nations, World Bank, World Trade Organization, Mercosur, Union of South American Nations, Community of Latin American and Caribbean States and the Organization of Ibero-American States.
Europeans first arrived in the region with the 1502 voyage of Amerigo Vespucci.
The Spanish navigators Juan Díaz de Solís and Sebastian Cabot visited the territory that is now Argentina in 15, respectively.The Spanish Empire subordinated the economic potential of the Argentine territory to the immediate wealth of the silver and gold mines in Bolivia and Peru, and as such it became part of the Viceroyalty of Peru until the creation of the Viceroyalty of the Río de la Plata in 1776 with Buenos Aires as its capital.The ideas of the Age of Enlightenment and the example of the first Atlantic Revolutions generated criticism of the absolutist monarchy that ruled the country.It is the country with the highest Human Development Index in Latin America with a rating of "very high".The name "Argentina" is derived from Latin argentum ("silver", plata in Spanish), a noun associated with the silver mountains legend, widespread among the first European explorers of the La Plata Basin.Although "Argentina" was already in common usage by the 18th century, the country was formally named "Viceroyalty of the Río de la Plata" by the Spanish Empire, and "United Provinces of the Río de la Plata" after independence.